- Sam Bankman-Fried’s trial has over six million pages of proof, per the NYT.
- That comes after prosecutors stated it took weeks simply to obtain all his Slack messages.
- The diary of Caroline Ellison, former Almada CEO and on-off girlfriend of SBF, can be proof.
Sam Bankman-Fried’s trial includes over six million pages of proof, making it one of many largest ever instances of white-collar securities fraud in Manhattan, The New York Instances reported.
The FTX cofounder has pleaded not responsible to 13 legal counts together with financial institution fraud, bribery, and marketing campaign finance violations.
His crypto trade imploded final November after CoinDesk reported on its overly shut relationship with its sister hedge fund, Alameda, which prompted clients to race to withdrawal cash.
FTX could not meet withdrawal demand, partly because of lavish spending by executives together with a $65 billion “backdoor” line of credit score which drew on buyer funds, chapter attorneys stated.
In response to The Instances, 2.5 million pages of the proof come from Bankman-Fried’s telephones, laptops, and Google accounts.
In March, prosecutors stated the FBI was struggling to extract knowledge from Bankman-Fried’s laptop computer as a result of the laptop computer was filled with a lot info, and it took weeks simply to get his Slack messages.
Past the company affairs of the fallen crypto large, we might additionally study extra in regards to the relationships and disagreements between FTX’s high canine.
That is as a result of a diary in a black pocket book belonging to Caroline Ellison, the previous Alameda CEO, can be a part of the mountain of proof, The Instances reported.
Folks with data of the matter instructed The Instances that Ellison additionally recorded observations about Bankman-Fried – some expressing private {and professional} resentment – in digital paperwork seen by attorneys.
Ellison lived in Bankman-Fried’s penthouse within the Bahamas alongside different FTX executives, and is usually described in studies, together with The Instances’, as his “on-and-off girlfriend.”
She is anticipated to be a key witness within the case, having pleaded responsible to seven costs together with securities fraud and conspiracy to commit cash laundering.
Bankman-Fried’s spokesperson declined to remark when contacted by Insider.
